All Forum Posts by: William Coet

@John Warren

New construction. Gcing myself and taking no wage it was about 50 per ft all in on a 4400 sq ft 4 plex. We planned on doing some of the labor ourselves but taking a wage for that.

We have 6 lots zoned for mf in a rural setting. Sewer hookups are in for the first 2 buildings. We got this sub division from our bank that foreclosed on the developer.

I really want to build these but I can buy for less with the ability to force appreciation. If  I build these, I have 6 fours worth about 250 a piece..

It just don't make sense. 

I've actually dug pretty deep into some bigger developers projects. (I won't go into detail) but they were all in at about 70 a ft. On 1000 sq ft 2-3 bedrooms ,building about 100 at a time. When project dropped in size the cost went up proportionality.

Peter

I'm looking at a market and I can buy 20-30 year well maintained 3/2 single family (new floor, paint, etc.) for around $120-$130K. I also found a home builder where I can buy brand new 3/2 homes for $145-$155K in the same general area of the city.

What are opinions on buying a new home rental vs. slightly older flip home? I know most new build developments have restrictions on the number of investors and rentals. What other things should I be concerned about? Are there a lot of other risks for a new home being a rental? Since maybe the whole neighborhood isn't fully developed yet maybe that scares off a rental tenant? It seems that the new home would have better returns because less repairs and the home warranty for the first few years. Also being a newer development i would think it would appreciate slightly better. 

What does everyone think? Thanks for all your insights